Income Tax 2 November 2026
Statomat's Navi Mumbai Factory Auctioned for Rs 25‑28 Cr
The liquidator for Statomat Special Machines has filed an auction notice with the Insolvency and Bankruptcy Board of India, setting a reserve price of Rs 25‑28 crore for the company's Navi Mumbai manufacturing plant, putting the assets back on the market after earlier delays.
Statomat Special Machines' Navi Mumbai factory is back on the auction block.
- Liquidator filed a notice with IBBI on 8 June 2026.
- Reserve price set between Rs 25 crore and Rs 28 crore.
- Assets include the manufacturing plant and associated equipment.
For full details see the Insolvency Tracker report.
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